Morpho Blue · Hyperliquid L1

WHYPE

Overview

The Morpho Blue WHYPE pool on Hyperliquid L1 is a single-asset lending position where suppliers earn variable interest on deposits of the Wrapped HYPER token (WHYPE). The protocol generates yield by matching borrowing demand against pooled liquidity and distributing the resulting interest to lenders.

Total APY stands at 0%, with no additional reward layer. There is no trend data available for both the 7-day and 30-day periods, so current rates cannot be compared to historical averages.

TVL currently sits at $14M without a reported change over the past week. The primary exposure here is smart-contract risk due to the single-asset nature of the pool. This lending utilization rate reflects typical levels for similar pools within the Morpho Blue protocol category.

Composed 2026-05-20 from the structured data above. See methodology for the full pipeline.

Risk profile

• Smart contract risk

  Funds are deposited into a smart contract. A bug or exploit in the contract could lead to total loss. Audits reduce, but do not eliminate, this risk. Check the protocol page for audit history.

• Yield variability

  Yields can change as TVL and incentive emissions change. The current APY is not a guarantee.

These notes are derived from the pool's structured data, not editorial advice. See our methodology.